CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.91% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your money. Read full risk warning.

Ger 40 Index Analysis

EU Session Analysis for CFD Instruments 19/08/2024

Fundamental analysis

19 August, 2024

In the Asian session, the German Benchmark Index traded above 18,300 levels.

German stocks on the DAX were higher after close of business on Friday as gains in the Pharmaceuticals, Healthcare and Insurance sectors pushed shares higher. The best performer was Bayer which jumped over 10% in value, after a significant legal victory in the US courts late last week.

Technical analysis

Ger 40 Index Analysis Technical analysis 19/08/2024
Time Frame: 1 hour

GER40 Support & Resistance Table - 19/08/2024

Support & Resistance Level Explanation
Resistance 2 18511.4 Daily R2
Resistance 1 18455.5 Daily R1
Support 1 18306.5 Daily S1
Support 2 18250.6 Daily S2

GER40 Indicator Table - 19/08/2024

Indicator Signal
SMA 20 Buy
SMA 50 Buy
SMA 100 Buy
MACD( 12;26;9) Buy
RSI (14) Buy
Stochastic ( 9;6;3) Buy

GER40 Indicator / Period Table - 19/08/2024

Indicator / Period Day - BuyWeek - BuyMonth - Buy
MACD( 12;26;9) Buy SellBuy
RSI (14) Buy BuyBuy
SMA 20 Buy BuyBuy

GER40 19/08/2024 - Reference Price : 18381.0

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (3)Sell (0)
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